The biggest clothing store in the Czech Republic – Zoot is ears in trouble. On Wednesday, the company asked the Municipal Court in Prague for protection from the creditor, and he granted it. He will not have to repay his obligations until the end of April. Information was the first to bring the E15.cz server.
The firm said in its documents that it owed a total of 472 million crowns (18.3 million euros), of which almost a third more than 30 days overdue. The accumulated loss of the company at the end of June was to reach 473 million crowns.
The plan was agreed by the four largest creditors who together hold 50.9 percent of the company's receivables. As HN reported in mid-January, Natland was involved in rescue efforts. The company has purchased Raiffeisenbank's receivables and other partners, primarily Zoot's suppliers, worth CZK 150 million. (EUR 5.8 million)
In addition, external consultants Lukáš Uhl with experience from the food delivery service "Let's Dine Food" and Robert Vojáček, known for their work in Liftago Taxis or the start-up of Lidskásíla.cz, have been invited to the lead by the existing Zoote shareholders.